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Apr 18, 2012
04/12
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i think that undercuts the attacks on john boehner. i think the public gets that. >> i don't think the public separates the senate from the house. congress's approval rating is 19% or is it 9%? i can't remember what. >> one republican. >> it's a pox on both their houses. the senate doesn't get anything accomplished, in part because of the rules of the senate. you to have 60 votes before you can accomplish anything. >> they're avoiding budgeting. >> that's the thing. the budget includes taxes. the budget includes entitlements. the budget includes spending. the budget includes debt. they won't even take it up. aren't they a target, bob costas? >> you know what is really bigger target, if people say they don't care about the budget, they do care about the scandal like the gsa scandal. when they see government out of control, that's a real tangible example people can say we want to get government, rein it in and pass some better budgets. that's what people really pay attention to. >> this is one of the most tenuous connections i've ever he
i think that undercuts the attacks on john boehner. i think the public gets that. >> i don't think the public separates the senate from the house. congress's approval rating is 19% or is it 9%? i can't remember what. >> one republican. >> it's a pox on both their houses. the senate doesn't get anything accomplished, in part because of the rules of the senate. you to have 60 votes before you can accomplish anything. >> they're avoiding budgeting. >> that's the...
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Dec 20, 2012
12/12
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. >> i know a lot of boehner's people. and john boehner is a really good guy. he just happens to have a rather crappy caucus and i think there a lot of republicans that would admit that that sit in my position. but it's simple, john boehner and barack obama are going to come up with a deal. it's going to be in the last week of the year. this is not the first time that a member of congress and a president have waited until the last me lastment to do something. but the idea that we're going to -- >> jimmy isn't what is most important is republicans are signaling they're trying to move to the center here, they're letting the tax rates expire on those making $1 million or more. it's between now and the end of the year does that threshold move? the republicans want a million dollars threshold on tax rates to expire, obama wants $400,000. where does that needle go in this final week? that's the question to me. >> fine, then let the needle move. i think it's going to be anywhere from $500,000 to $700,000 a year. >> i agree with you. >> if they do that is correct it's
. >> i know a lot of boehner's people. and john boehner is a really good guy. he just happens to have a rather crappy caucus and i think there a lot of republicans that would admit that that sit in my position. but it's simple, john boehner and barack obama are going to come up with a deal. it's going to be in the last week of the year. this is not the first time that a member of congress and a president have waited until the last me lastment to do something. but the idea that we're going...
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Nov 17, 2012
11/12
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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Nov 13, 2012
11/12
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Dec 12, 2012
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speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do
speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on...
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Dec 21, 2012
12/12
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boehner's going to make a pitch. cantor's going to make a pitch and mccarthy make a pitch and the fact they're are in there. >> paul ryan. >> the fact they're in there says they're in trouble. >> yes. the fact that they're there says they are in trouble, and speaking of somebody who was once a page way back when, you know, they will turn to paul ryan to look to him to give encouragement to the troops. the only one who can speak to the kind of crazy folks who right now are not with their speaker. >> a great point. go to paul ryan. i wonder if they're go to grover norquist and do it on a telephone loud speaker? grover backed it. >> to get the flavor about this. when you had boehner disciplining certain house members and taking them off committees. particularly the three who were conservatives, even though he replaced them with conservatives, that started a fund-raising opportunity for a lot of groups that felt he wasn't being conservative and felt part of the reason the election was lost was that those principles had n
boehner's going to make a pitch. cantor's going to make a pitch and mccarthy make a pitch and the fact they're are in there. >> paul ryan. >> the fact they're in there says they're in trouble. >> yes. the fact that they're there says they are in trouble, and speaking of somebody who was once a page way back when, you know, they will turn to paul ryan to look to him to give encouragement to the troops. the only one who can speak to the kind of crazy folks who right now are not...
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Dec 6, 2012
12/12
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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May 17, 2012
05/12
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with boehner, we saw what he did last time around. we don't mind that he forces the democrats, hard core leftists in the conversation, oh, they're trying to scare everybody again, it a rational conversation you have -- the problem is the party doesn't trust john boehner. >> he's out front. heap said any dollar increase in ceiling has to have at least a dollar reduction in spending and he wants the bush tax cuts extended so we don't go into another double dip recession. obama wants to raise taxes and does not want to cut spending. he's going to lose that battle politically, can he not? >> you can't say your hero is winning and president bushing the presidential corner when he has no leverage. the truth of the matter that the debt ceiling cliff that happens after november. so democrats could simply do nothing, the bush tax cuts expire that, would help to solve the deficit problem because that would introduce revenues into the system over the objections, wouldn't matter what republicans want to do. those tax cuts are going to expire at t
with boehner, we saw what he did last time around. we don't mind that he forces the democrats, hard core leftists in the conversation, oh, they're trying to scare everybody again, it a rational conversation you have -- the problem is the party doesn't trust john boehner. >> he's out front. heap said any dollar increase in ceiling has to have at least a dollar reduction in spending and he wants the bush tax cuts extended so we don't go into another double dip recession. obama wants to...
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Jun 1, 2012
06/12
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on extending those tax cuts, if you had obama and boehner doing the keystone pipeline, which is shovel-ready and jobs-ready, you could save this thing. it's only may -- today is june 1. you could save it. the election is in november. but the country has to have an economy and the country has to have jobs. why not, mark? why shouldn't obama take a risk? because i'll tell you this, right now with this spring stall and these lousy jobs, mark, you know as well as i do, he's going down. if he doesn't make a big change, if he doesn't show some difference, he's going down. >> well, i think you all rely too much on tax cuts. if that were the answer, that would have worked, too. nobody has raised any taxes here. >> how about the keystone? >> well, it's not the only project. look, i would like to see him get back the trillion dollars of offshore corporate profits that could be put into the system. i'd like to see the fed that really sat back while this was happening and didn't go into the next round of quantititive easing. get in there monday and really start to turn this thing around. it's not just a
on extending those tax cuts, if you had obama and boehner doing the keystone pipeline, which is shovel-ready and jobs-ready, you could save this thing. it's only may -- today is june 1. you could save it. the election is in november. but the country has to have an economy and the country has to have jobs. why not, mark? why shouldn't obama take a risk? because i'll tell you this, right now with this spring stall and these lousy jobs, mark, you know as well as i do, he's going down. if he...
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Dec 4, 2012
12/12
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the boehner plan does that. >> if the boehner plan doesn't specific where his taxes come from. it says unnamed tax loopholes. >> before -- they moved and said listen we're willing to do $8 hurricane katrina billion in deductions not just for scoring. that's a huge concession. where is the president's concession. >> let me ask doug. that's a great point. i don't see the president -- in fact president has become harder line. he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising any more taxes doesn't make any sense. this is politics trumping economic sense. second problem is fixing the debt and there's this debate about how much revenue, how much s
the boehner plan does that. >> if the boehner plan doesn't specific where his taxes come from. it says unnamed tax loopholes. >> before -- they moved and said listen we're willing to do $8 hurricane katrina billion in deductions not just for scoring. that's a huge concession. where is the president's concession. >> let me ask doug. that's a great point. i don't see the president -- in fact president has become harder line. he was somewhat -- he was somewhat accommodating right...
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Nov 10, 2012
11/12
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today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the politics of this. here now is matt miller, and steve malinga and tony fratto who is a former bush 42 white house press secretary. mr. press secretary, i want to go to you first. you look at this, it's sort of hard to understand, and it's a good victory for president obama and the democrats picked up seats in the house -- in the senate and the republicans are now in the house, but there seems to be this common ground compromise coming. politically, why do you suppose that is? >> well, look, because we have divided government, we are going have to have some agreement on
today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the...
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Jun 7, 2012
06/12
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he pulled the rug out from speaker boehner. that's been reported in reputable newspapers, very liberal newspapers. >> and the opposite is being reported as well. >> no, it is not, it's just factually wrong. >> that's the buffett rule. >> we're not going to sell this tonight. it's not personal, but i believe that president obama really needs some new advisers who are not ultra-left and ought to go to the clinton camp to get them, but that's another subject for another debate. mr. kasim reed, mayor reed, thank you very much, jennifer rubin and jimmy pethokoukis. back when president obama was able to bring both sides to the table for a budget deal. i'll ask his former chief of staff erskine bowles why president obama won't do it now by embracing simpson/bowles. ben bernanke warns congress we're hurtling towards a fiscal cliff, but bernanke did not pull the qe trigger. why didn't he? we'll debate. free market capitalism is the best path to prosperity. to the obama advisers know this? >>> all right. with this fiscal cliff quickly ap
he pulled the rug out from speaker boehner. that's been reported in reputable newspapers, very liberal newspapers. >> and the opposite is being reported as well. >> no, it is not, it's just factually wrong. >> that's the buffett rule. >> we're not going to sell this tonight. it's not personal, but i believe that president obama really needs some new advisers who are not ultra-left and ought to go to the clinton camp to get them, but that's another subject for another...
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Nov 22, 2012
11/12
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john boehner says let's put a lid on loop holes and raise revenues that way. some people, including myself, believe the president wants it raise revenues by loophole closures but also raise tax rates. wasn't both. if he goes the tax rates, jim, you're talking about capital gains going from 15 to 24, including obama care tax. and you're talking about dividends going 15 to about 44. now maybe they will fix that dividend thing. but there is no question that the incentives will roll back by 10 or 15% on those two investment tax rates. no question. >> but if the dividends are fixed, did you say 25% on capital gains, i think the market will learn it live with that. if we can rework the dividend part, the market may think that is positive and think that's a risk -- >> so you might have a shock initially. but then the market will absorb the new tax rates, is that what you are saying? >> that's what i believe, certainly. then you get back into things like apple. if they raise capital gains and dividends and raise dividends up to 40% like on ordinary income, then i see
john boehner says let's put a lid on loop holes and raise revenues that way. some people, including myself, believe the president wants it raise revenues by loophole closures but also raise tax rates. wasn't both. if he goes the tax rates, jim, you're talking about capital gains going from 15 to 24, including obama care tax. and you're talking about dividends going 15 to about 44. now maybe they will fix that dividend thing. but there is no question that the incentives will roll back by 10 or...
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Sep 11, 2012
09/12
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listen tohouse speaker boehner over whether they can reach a deal with president obama. >> i'm not confident at all. the house has done its job on the sequester and looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. on both of these, where's the president? where's this leadership? absent without leave. >> moody's today warned the fiscal cliff could cause another credit down grade. investors shrugged it off. the dow closed up 69 points, a 4 1/2 year high. with us to talk about the credit down grade and failed obama leadership we welcome back tom coburn and mr. rice and famed investor jim rogers sorts out the market for us. as america honors 9/11, armed lo hooligan hooligans tear down the american flag as president obama is accused of snub ibing netanyahu from israel as the crisis deepens. >>> we welcome former white house chief of staff, andy card. we begin tonight with the biggest ripoff perpetrated on the american people. the chicago teacher's union strike over outrageous demands by the union. today, they and their leftist students pickketed
listen tohouse speaker boehner over whether they can reach a deal with president obama. >> i'm not confident at all. the house has done its job on the sequester and looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. on both of these, where's the president? where's this leadership? absent without leave. >> moody's today warned the fiscal cliff could cause another credit down grade. investors shrugged it off. the dow closed up 69...
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Dec 14, 2012
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boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more details getting hashed out. both sides describing the meeting as a frank one. saying as they have been throughout this that the lines of communication are open, but no major announcement here after the meeting. no news here so far on what was actually traded in terms of offers and counteroffers here in this meeting tonight. >> i think any meeting is a good meeting. at least the lines of communication are open. treasury man geithner, he was the most hawkish on raising the top marginal tax rates, something that john boehner does not want to do. what do you think that bodes? you ly the geithner was making that case? we've got to raise the top rates? >> everybody who was in that roo
boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more details getting hashed out. both sides describing the meeting as a frank one. saying as they have been throughout this that...
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Dec 22, 2012
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boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and obama's proposals really aren't that far apart right now. president obama wants $1 trillion in new taxes, john boehner has said he's willing to give $1 trillion. obama said he wants $800 billion in spending cuts, same thing for boehner. but the difference comes with the once again, the tax threshold. president obama originally said he would be willing to go with the $400,000 tax threshold. and as boehner said going off obama's words, he was willing to do it at $1 million. it comes down to what that threshold is. >> karen finney, i want to ask you about the same question, this ten days business. but i also want to amendment that question or expand it. how much damage did the republicans do last night by blowing
boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and obama's proposals really aren't that far apart right now. president obama wants $1 trillion in new taxes, john boehner has said he's willing to...
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Dec 8, 2012
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john boehner is trying to valiantly make a compromise. as he said today he's not getting anywhere at all, okay? mr. obama wants higher tax rates. he also wants more revenues from capping deductions. he wants no entitlement reform or nothing to speak of. no discussion of spending cuts. obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this
john boehner is trying to valiantly make a compromise. as he said today he's not getting anywhere at all, okay? mr. obama wants higher tax rates. he also wants more revenues from capping deductions. he wants no entitlement reform or nothing to speak of. no discussion of spending cuts. obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the...
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Nov 27, 2012
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boehner has said we'll put revenues on the table. how we do it is important in terms of getting pro-growth tax reform, but you've got to reform entitlements, and if you don't do that, you haven't solved the problem, and it doesn't matter how good a pro-growth tax reform we get. if you don't have significant entitlement reform, we're not going to solve the problem and we'll be right back here. >> totally agree with you on entitlement reform. from what i gather senate democrats, the leadership, they are opposed to entitlement reform and opposed to any reduction in medicare and social security, but i want to ask you about another spending issue. originally, initially, we were supposed to have an across-the-board budget cut called the sequester of $1.2 trillion over ten years. where's that's gone? that's about $100 billion a year. i'd say that would be a pretty good down payment on deficits and debt. what is getting my goat. everybody is talking revenues. what happened to the skywester? >> that's right, and there's $750 billion yet to go
boehner has said we'll put revenues on the table. how we do it is important in terms of getting pro-growth tax reform, but you've got to reform entitlements, and if you don't do that, you haven't solved the problem, and it doesn't matter how good a pro-growth tax reform we get. if you don't have significant entitlement reform, we're not going to solve the problem and we'll be right back here. >> totally agree with you on entitlement reform. from what i gather senate democrats, the...
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Apr 27, 2012
04/12
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speaker john boehner has enough. take a listen. >> they expect us to come here and be honest with each other, to work out these issues, and pick this big political fight where there is no fight is just silly. give me a break. >> yeah, i'll give him a break. the student loan thing is a big thing in the budget. >>> we sound off on obama's leadership that may be killing the economy. entitlement on student loans, why isn't anyone fighting it besides me. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-ma
speaker john boehner has enough. take a listen. >> they expect us to come here and be honest with each other, to work out these issues, and pick this big political fight where there is no fight is just silly. give me a break. >> yeah, i'll give him a break. the student loan thing is a big thing in the budget. >>> we sound off on obama's leadership that may be killing the economy. entitlement on student loans, why isn't anyone fighting it besides me. you won't just find us...
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Nov 15, 2012
11/12
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and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the
and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during...
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Jun 6, 2012
06/12
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i'll sit down with powerful house speaker john boehner. up next on tonight's show, greece, spain, italy, all turning to germany for help. where does germany turn? and when? i'll have an exclusive interview with world bank president robert zoellick, trying to prevent a financial tsunami. and republicans feeling like it's christmas in june. >> i want to thank you for having president clinton on. the gift that keeps on giving. >> all right. that's right. senator john mccain. president clinton is the gift that keeps on giving. let me say this. president clinton is right on this issue. and the walls are closing in on president obama's financial policy. clinton has got it right. larry summers has it right. we'll debate the whole issue of the fiscal tax cliff. stay with us. i'm larry kudlow. ttd#: 1-800-345-2550 let's talk about how some companies like to get between ttd#: 1-800-345-2550 you and your money. ttd#: 1-800-345-2550 at charles schwab, we believe your money should be available ttd#: 1-800-345-2550 to you whenever and wherever you want.
i'll sit down with powerful house speaker john boehner. up next on tonight's show, greece, spain, italy, all turning to germany for help. where does germany turn? and when? i'll have an exclusive interview with world bank president robert zoellick, trying to prevent a financial tsunami. and republicans feeling like it's christmas in june. >> i want to thank you for having president clinton on. the gift that keeps on giving. >> all right. that's right. senator john mccain. president...
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May 16, 2012
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who won today between john boehner and barack obama? who won that, matt? >> i think romney probably wins today. obama has been winning politically. he's been framing the debate. but i think today romney does. at the end of the day, you can spin this all you want, but barack obama, his budget got zero votes and democrats in the senate haven't passed a budget for years, so it's hard to overcome those facts, larry. >> those are good facts, and you nailed it. you get the nobel prize for politics right off the top of the show. now, folks, hang on, everybody. goodfriend is going to go crazy. jennifer, try to calm him down. i want you to hear from mitt romney some little parcels of his speech in des moines, iowa. just listen to this for a minute. >> a prairie fire of debt is sweeping across iowa and across the nation. the time has come for a president, a leader who will lead. i will lead us out of this debt and spending inferno. >> all right. that's it. i'm going to go to david goodfriend. because you worked -- you actually worked for a responsible president rega
who won today between john boehner and barack obama? who won that, matt? >> i think romney probably wins today. obama has been winning politically. he's been framing the debate. but i think today romney does. at the end of the day, you can spin this all you want, but barack obama, his budget got zero votes and democrats in the senate haven't passed a budget for years, so it's hard to overcome those facts, larry. >> those are good facts, and you nailed it. you get the nobel prize for...
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as i understand the story, speaker boehner had to walk away because at the last minute, president obama put another 400 billion of tax hikes on the table. you were involved in that. there was a deal that sounds a little bit like what he said yesterday on c brbs. in my naive way, am i whistling past the graveyard or is there something going on here? >> i don't know. it's an election year, it's a very close presidential election. i'm dubious of claims when somebody has been absent from this debate for a year, to come in at the 11th hour. i'm somewhat dubious, all i know when i was on the super committee, republicans were willing to begrudgingly agree to tax revenue increases as long as we would have a fair, flat for simpler tax code and we would reform entitlement spending for future generations, we were told no. >> what we had was broken, coming in saying no new taxes on the top 1% and the fledges couldn't make it. >> we put it on the table, you didn't put it on the table. >> we agreed to have both ways, no taxes at all. no revenue. >> gentlemen, i have to leave it there. this will be fo
as i understand the story, speaker boehner had to walk away because at the last minute, president obama put another 400 billion of tax hikes on the table. you were involved in that. there was a deal that sounds a little bit like what he said yesterday on c brbs. in my naive way, am i whistling past the graveyard or is there something going on here? >> i don't know. it's an election year, it's a very close presidential election. i'm dubious of claims when somebody has been absent from this...
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they don't pass anything and they would make the argument they would limit the tax cut and speaker boehner has made the same argument. >> thank you so much. we want to show people what is going on with the after markets because even though john says people are optimistic the markets are not optimistic. right now if the dow jones industrial average were to open at this moment it would be down 315 points. that's a reflection of the futures trading that happens in the after-hours. we'll see how asia opens on monday and right now the markets do not like what they see. they are not optimistic at this point and maybe if a mini deal gets done, a mini deal is not enough to deal with what the country faces. after all of this time the president still wants congress to come up with a plan instead of assuming the leadership mantle himself. let's talk to a member of congress about that. james langford serves in the house budget committee and he joins me now. sir, have you conceded you're not getting spending cuts are you voting on raises taxes on people who make over $250,000 come sunday or monday, wha
they don't pass anything and they would make the argument they would limit the tax cut and speaker boehner has made the same argument. >> thank you so much. we want to show people what is going on with the after markets because even though john says people are optimistic the markets are not optimistic. right now if the dow jones industrial average were to open at this moment it would be down 315 points. that's a reflection of the futures trading that happens in the after-hours. we'll see...
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up heard john boehner beat up on it. anybody can do it. >> for fund-raisers for campaign it is. i worry more about small businesses and whether able to get loans to create the jobs where wealth really comes from and where jobs are, which is from small business and rules that dodd-frank is putting in place is killing our small bank. we have banks in new mexico that are not loaning to residential loans anymore. if you wanted 2 million, you go to walls fargo. if you needed 35,000 for a new truck for the paint company -- >> you mean for your small business. >> i'm talking about what it's really about. >> jimmy, the ibd poll came out and romney really surging on independents. there's a lot of short-term, near-term data. ism know dan is an optimist long run, you may be right. short run it looks pretty bad. obama's had a bad month, hasn't he? >> he's had a real bad month. if the economy for the rest of the year is the way it was in january and february, i think obama has a good chance of winning. if it's the way it was in march and april, i think romney is your guy. if it's in between,
up heard john boehner beat up on it. anybody can do it. >> for fund-raisers for campaign it is. i worry more about small businesses and whether able to get loans to create the jobs where wealth really comes from and where jobs are, which is from small business and rules that dodd-frank is putting in place is killing our small bank. we have banks in new mexico that are not loaning to residential loans anymore. if you wanted 2 million, you go to walls fargo. if you needed 35,000 for a new...
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john boehner is putting the pressure on the president. he says that capitol hill has to play a role in this presidential campaign so, they're trying to take your advice. take those expiring bush tax cuts and extend them this summer, don't wait till that lame duck congress. >> that's all i would do. and i heard and read a pretty good interview from "time" magazine that mitt romney gave. and romney said, you know what? i don't know about a grand design. maybe we need to wait on that. and then i got to thinking, and you and i talked about it a bit on the radio this weekend, why should there be a grand design with a democratic senate and a democratic president when in fact it's all going to change? >> you're exactly right. romney has his whole plan 20:00% across the board cuts in all six brackets. he's saying i want to do tax reform but let's wait until january '13. but you're seeing the strategy in the house because they have to put the pressure on the democratic senate. you can't wait till the lame duck. there has to be a little narrative f
john boehner is putting the pressure on the president. he says that capitol hill has to play a role in this presidential campaign so, they're trying to take your advice. take those expiring bush tax cuts and extend them this summer, don't wait till that lame duck congress. >> that's all i would do. and i heard and read a pretty good interview from "time" magazine that mitt romney gave. and romney said, you know what? i don't know about a grand design. maybe we need to wait on...
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i read the john boehner in the "new york times" magazine section. you and i talk all the time. >> they were close. >> i'm not criticizing you, buddy. i'm just saying i don't think we can last through the entire summer without a major downturn in the stock market, without a major freeze on hiring, which is pretty lousy anyway, as long as we're stuck with huge tax hikes and, by the way, a debt limit ceiling that's going to b bejes >> no, reagan used to always say, what's that sound i would hear? that's reagan would say. that's the sound of cement cracking around my feet. >> give me a second, larry. okay? give me a second here. number one, what john boehner said today is we want to move a bill to extend the tax rates for a year to prevent this tax cliff but to have a system where we bring tax reform to the floor under exper dieted procedures so that we actually act on tax reform. now the debate is around how best to do tax reform. there are a lot of democrats who adpree with us on the need to lower rates and broaden the base and you get more revenues i
i read the john boehner in the "new york times" magazine section. you and i talk all the time. >> they were close. >> i'm not criticizing you, buddy. i'm just saying i don't think we can last through the entire summer without a major downturn in the stock market, without a major freeze on hiring, which is pretty lousy anyway, as long as we're stuck with huge tax hikes and, by the way, a debt limit ceiling that's going to b bejes >> no, reagan used to always say,...
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when was the last time you met with speaker boehner to talk about possible compromises? >> i think the last time i spoke to him was several weeks ago when i went to talk to them about europe. i do have to talk to everybody relevant about the decisions. they said, if you listen carefully there is a lot of foundation laying under way in the senate and particular to explore what's going to work. >> i think that's interesting. let's turn to the senate. joining us, wisconsin republican senator ron johnson. he co-authored this op-ed today. welcome back to "the kudlow report." let me get your response to what you heard from secretary geithner in the interview this morning. he said the foundation being laid in the senate. he's talking to john boehner but there is a foundation being laid in the senate to avoid the fiscal cliff. what do you know about that? >> absolutely nothing, larry. what i know in the senate is we haven't passed a budget in three years. senator reid refuse sz to put appropriation bills on the floor. now senator murray says, hey, we are happy to let the america
when was the last time you met with speaker boehner to talk about possible compromises? >> i think the last time i spoke to him was several weeks ago when i went to talk to them about europe. i do have to talk to everybody relevant about the decisions. they said, if you listen carefully there is a lot of foundation laying under way in the senate and particular to explore what's going to work. >> i think that's interesting. let's turn to the senate. joining us, wisconsin republican...
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house speaker john boehner turned up the heat on president obama's energy policies. boehner says gas prices will come down as the keystone xl pipeline was completed and the speaker was forceful about it. >> we have a handful of radical environmental groups who stood in the way of having a national energy policy all of these years and it's just about damn time that we ought to have a natural energy policy and do something that the american people wants us to do. >> j.p. morgan chase ceo jamie dimon says breaking up the bank will not unlock any values speaking at the investors' conference. dimon says the company's focus will be to navigate regulations and capital requirements. apple is now a half trillion dollar company. it is the sixth stock to ever cross that threshold. next week uponael's expected to unveil its next-generation ipad. it is expected to have a quad-core processor with the latest 4g technology and we've crunched the numbers. if apple were a country, larry, it would be the 20th largest economy. back to you. >> and a rather efficient one, at that. many th
house speaker john boehner turned up the heat on president obama's energy policies. boehner says gas prices will come down as the keystone xl pipeline was completed and the speaker was forceful about it. >> we have a handful of radical environmental groups who stood in the way of having a national energy policy all of these years and it's just about damn time that we ought to have a natural energy policy and do something that the american people wants us to do. >> j.p. morgan chase...
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. >> speaker boehner, one dollar -- >> by the time i'm done with you guys this will fall apart. i read what you said about we've got to stop the political posturing. he brings up issa. that's the best metaphor -- with the way the president has been electioneering, not governing for the past year and a half. we lost an atf agent. things happened. that's your best example of posturing? that's what we have? >> couldn't be any better that we lost an agent. you blame it on the attorney general who knew nothing about this -- >> we don't know that because we don't have the documents. >> when george bush didn't produce documents when the attorney general fired u.s. attorneys and the democrats talks about there is no executive privilege were any republicans upset about that? >> we're trying to get around. that's what you threw down on an issue. i can find other -- >> yes, sir? >> when you look back on the way you were treated by certain parts of the left, i think you would say right now probably grover norquist and the tea party republicans are all that's wrong with the country. >> actua
. >> speaker boehner, one dollar -- >> by the time i'm done with you guys this will fall apart. i read what you said about we've got to stop the political posturing. he brings up issa. that's the best metaphor -- with the way the president has been electioneering, not governing for the past year and a half. we lost an atf agent. things happened. that's your best example of posturing? that's what we have? >> couldn't be any better that we lost an agent. you blame it on the...
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let me just ask you, speaker boehner, raise this issue. are all these college campaign trips, campaign trips, not policy trips on the taxpayer dime? >> i would think that anybody looking at these campaign stops would know that this is about politics. it's not about policy. it's not about the commander in chief of our country going out to meet americans. it's about a presidential candidate out campaigning. and really it's the problem that we face in washington. i think the american people want to see us get something done. they don't want to see us engaging in politics every day. >> just another quick one, if you would. pollster john mclaughlin is out in some of the swing states. he says he finds blue collar workers very annoyed at obama's lavish vacations. they can't do it because of high gas prices. they stay at home. he is going to hawaii. first class. what's your thought on that? >> i think it just reflects really a disconnected nature of washington because, again, people are struggling out there. really. it's anxiety filled around the
let me just ask you, speaker boehner, raise this issue. are all these college campaign trips, campaign trips, not policy trips on the taxpayer dime? >> i would think that anybody looking at these campaign stops would know that this is about politics. it's not about policy. it's not about the commander in chief of our country going out to meet americans. it's about a presidential candidate out campaigning. and really it's the problem that we face in washington. i think the american people...
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reduction that the president set forth in april of 2011 and then compromised further on with speaker boehner coming up to the debt limit in august. i think that the failure to do all of those things is -- has compromised this recovery. >> so if i summarize, you would have preferred more stimulus even though a lot of critics say the spending stimulus has not worked. larry summers, thank you ever so much. i appreciate it. it's been too long, i hope you'll come back on the program and i wish you all the best of luck. >> good to be with you, larry. >> all right. >>> not surprisingly, i don't agree, i don't want more federal spending stimulus, i want the federal government spending to be smaller as a share of gdp. i believe that would be pro-growth. and i do want corporate tax reform. i want lower corporate tax breaks which, mr. summers agrees with. let's get those corporate tax rates down. that's it for tonight's show, thanks for watching. how about more free market capitalism to grow the economy? ♪ [ piano chords ] [ man announcing ] what we created here. what we achieved here. what we learne
reduction that the president set forth in april of 2011 and then compromised further on with speaker boehner coming up to the debt limit in august. i think that the failure to do all of those things is -- has compromised this recovery. >> so if i summarize, you would have preferred more stimulus even though a lot of critics say the spending stimulus has not worked. larry summers, thank you ever so much. i appreciate it. it's been too long, i hope you'll come back on the program and i wish...
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this was not part of the deal he made with boehner. this was the attempt -- he had to go along with it. >> senator dan coates, i want to go back to another money issue because the fact that this muslim brotherhood president of egypt has not apologized to the united states for ripping in the embassy, climbing up the flag, take the flag and ripping it down. i find that outrageous and i find it particularly outrageous that president obama suddenly wants to forgive $1 billion of egyptian debt. why are we redistributing our income to countries who dislike us, maybe even hate us in the middle east? why don't we look out for ourselves and why haven't we demanded an apology from this character in cairo who is the president of egypt? >> i can guarantee you that the congress is going to demand we have some cooperation in this effort to take these people to justice or there's going to be a real debate and discussion about whether or not we will continue to send taxpayers' money to egypt. we have to have a reliable government that supports us if t
this was not part of the deal he made with boehner. this was the attempt -- he had to go along with it. >> senator dan coates, i want to go back to another money issue because the fact that this muslim brotherhood president of egypt has not apologized to the united states for ripping in the embassy, climbing up the flag, take the flag and ripping it down. i find that outrageous and i find it particularly outrageous that president obama suddenly wants to forgive $1 billion of egyptian...
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speaker boehner put out statement it's time for obama and the senate democrats to work with republicans to stop the tax hikes that threaten our economy. it's an excellent idea but it ain't going to happen any time soon. in other news, new presidential campaign polling today in three key state, ohio, florida and virginia, all shows president obama has a lead among likely voters. cnbc's own john harwood has the details, good evening, john. >> ever since both party conventions we've been focused on president obama's bounce in national polls. now we have swing say it numbers from the nbc "wall street journal" maris poll and they're good for president obama. he's taken a clear lead in three important battle grounds. first, the state of florida with 29 electoral votes, president obama leads romney 49-44%. ohio with 18 electoral votes, president obama leads by even more, 50-43% for mitt romney. in the state of virginia, president obama leads 49% to 44%, again over mitt romney. now, all three of these are states that were carried by president obama in 2008. mitt romney needs to take at least tw
speaker boehner put out statement it's time for obama and the senate democrats to work with republicans to stop the tax hikes that threaten our economy. it's an excellent idea but it ain't going to happen any time soon. in other news, new presidential campaign polling today in three key state, ohio, florida and virginia, all shows president obama has a lead among likely voters. cnbc's own john harwood has the details, good evening, john. >> ever since both party conventions we've been...
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the idea that john boehner is going to get on the floor and propose full extension when he knows that president obama is saying here's how we resolve this. we coming to, we extend the tax cuts for the middle class. we all agree on that. but we allow the high end bush tax cuts. if the republicans want the stone wall on that yet again, they're taking us right off the cliff. >> sounds like a little old fashioned cliff. >> you give the president every single job harming tax increase that he has asked for and that's like 16% of the $11 trillion additional debt he's going to put on the table. number one, the red herring. you cannot tax your way into economic prosperity. you cannot tax your way out of this incredible debt crisis that the president has hoisted upon us. >> here's where we disagree. i think that you have your debt picture completely backwards. you and the republicans continually come out with these tax cutting measures and then you say somehow the president -- and then you say the president -- >> their tax rates are going up in january and you call that a tax cut? >> no, i agre
the idea that john boehner is going to get on the floor and propose full extension when he knows that president obama is saying here's how we resolve this. we coming to, we extend the tax cuts for the middle class. we all agree on that. but we allow the high end bush tax cuts. if the republicans want the stone wall on that yet again, they're taking us right off the cliff. >> sounds like a little old fashioned cliff. >> you give the president every single job harming tax increase...
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listen to speaker pa er boehner earlier today. >> the president maybe checked out to the point he hasn't been a able to meet with his jobs council but the american people are asking where are the jobs? >> continuing to ask the question. joining us with details, cnbc contributor robert costa of the national review. robert, is he panicked over the economy and wants to show folks he's doing something besides just raising money? >> this is part of the rose garden strategy. mitt romney is in europe. the president wants to reassert himself so he had the first cabinet meeting since january. the president met with the cabinet 18 times during his term. today's message was simple. president obama keeps pushing to extend the bush tax cuts partly, only for middle income voters. that was the message coming out of the meeting. >> he had nothing else besides that. tax the rich. >> only extend the bush tax cuts halfway. beyond that it's platitudes from the president. he's sticking to the message because he thinks he can run against congress, not let mitt romney run against the economy. >> bob costa, let
listen to speaker pa er boehner earlier today. >> the president maybe checked out to the point he hasn't been a able to meet with his jobs council but the american people are asking where are the jobs? >> continuing to ask the question. joining us with details, cnbc contributor robert costa of the national review. robert, is he panicked over the economy and wants to show folks he's doing something besides just raising money? >> this is part of the rose garden strategy. mitt...
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>> the really mischievous part of that story is that president obama made a deal with speaker john boehner, they would both benefit politically and america would benefit economically. i'm larry kudlow. we'll see you tomorrow evening. [ male announcer ] this... is the at&t network. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪
>> the really mischievous part of that story is that president obama made a deal with speaker john boehner, they would both benefit politically and america would benefit economically. i'm larry kudlow. we'll see you tomorrow evening. [ male announcer ] this... is the at&t network. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all...
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personalities, you know, with the party, but i think more broadly speak, no, rush and others do not speak for boehner or mcconnell or the president or our governors. there is a leadership out there that are out -- that are out there every day, as you know, larry, that are trying to build the economies within their state, despite the efforts of this administration with respect to those same value choices that you started this segment with. so i think that there's a lot of hype and overplay, but to the point that the governor is just making, rush doesn't make it easy for those individuals i just mentioned to do what they need to do to talk about the economy when he is framing a different argument. >> here's the problem, michael. it's not just rush. robert mcdonald, the governor of virginia, who was previously considered to be a vice presidential candidate was pushing a bill that would penetrate women with an instrument in the hands of a physician if they wanted to have an abortion. this is crazy stuff. women around the country are looking at this and going, what? >> the governor was not pushing that bi
personalities, you know, with the party, but i think more broadly speak, no, rush and others do not speak for boehner or mcconnell or the president or our governors. there is a leadership out there that are out -- that are out there every day, as you know, larry, that are trying to build the economies within their state, despite the efforts of this administration with respect to those same value choices that you started this segment with. so i think that there's a lot of hype and overplay, but...
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now, you should come back from all this campaigning, go to the white house and make a deal with john boehner, use some kind of budget deficit reduction, if it has to be simpson both, whatever, show the people you're taking constructive steps. that's what clinton is trying to tell obama. that's what's doing him, and he will not listen to clinton. you take it from there. >> but it goes beyond that, the president only misspoke and he said out loud what he honestly believes. that is he is fine with a slow growth economy, as long as the government continuing to grow. he said it out loud. he said the states around america required to hundred within balanced budgets have laid off too many people. they have done it, because they're spending within their means, the one thing obama and the congress and the u.s. government have not been able to do, live within your means, and his suggestion is the congress needs to take a shovel and start shoveling out borrowed money to the states to hire more employees they can't afford to have on the payroll. >> two things, first of all, it's a crazy thing that happe
now, you should come back from all this campaigning, go to the white house and make a deal with john boehner, use some kind of budget deficit reduction, if it has to be simpson both, whatever, show the people you're taking constructive steps. that's what clinton is trying to tell obama. that's what's doing him, and he will not listen to clinton. you take it from there. >> but it goes beyond that, the president only misspoke and he said out loud what he honestly believes. that is he is...
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but tony, i want to come back, because speaker john boehner, i'm going down and interview him in a couple days, he asked president obama at the white house lunch, what, two, three weeks ago, why not extend the bush tax cuts which are really the bush/obama tax cuts, why not extend them right now this summer to provide the kind of certainty that steve ratner's talking about and obama said no. he said no. even bill clinton today said that's what he ought to do. so what do you do with that? >> just call it current tax policy and take the labels off it and just call it current tax policy and ask the questions, do you want these rates to rise in this economic environment, and the answer is probably no, you probably don't want to have a drag on the economy when it looks like the economy is going to be slowing down, especially going into the second half of the year. of course they should be extended and they should be extended maybe for another year, but at the very least, talk about the dome behind me, i agree with steve. trying to do these kinds of policies with grand bargains and during debt -
but tony, i want to come back, because speaker john boehner, i'm going down and interview him in a couple days, he asked president obama at the white house lunch, what, two, three weeks ago, why not extend the bush tax cuts which are really the bush/obama tax cuts, why not extend them right now this summer to provide the kind of certainty that steve ratner's talking about and obama said no. he said no. even bill clinton today said that's what he ought to do. so what do you do with that?...